Terreno Realty Corporation (TRNO)

NYSE: TRNO · Real-Time Price · USD
58.99
+0.37 (0.63%)
Dec 20, 2024, 4:00 PM EST - Market closed
0.63%
Market Cap 5.88B
Revenue (ttm) 365.40M
Net Income (ttm) 165.21M
Shares Out 99.74M
EPS (ttm) 1.79
PE Ratio 32.94
Forward PE 36.64
Dividend $1.88 (3.19%)
Ex-Dividend Date Dec 13, 2024
Volume 3,577,795
Open 58.36
Previous Close 58.62
Day's Range 58.21 - 60.16
52-Week Range 53.78 - 71.63
Beta 0.92
Analysts Hold
Price Target 69.00 (+16.97%)
Earnings Date Feb 5, 2025

About TRNO

Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, the “Company”) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land... [Read more]

Sector Real Estate
IPO Date Feb 10, 2010
Employees 42
Stock Exchange NYSE
Ticker Symbol TRNO
Full Company Profile

Financial Performance

In 2023, Terreno Realty's revenue was $323.59 million, an increase of 17.15% compared to the previous year's $276.21 million. Earnings were $150.75 million, a decrease of -23.54%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for TRNO stock is "Hold." The 12-month stock price forecast is $69.0, which is an increase of 16.97% from the latest price.

Price Target
$69.0
(16.97% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million.

9 days ago - Business Wire

Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million.

10 days ago - Business Wire

Sector Spotlight: Industrial REITs - Still A Real Estate Darling?

The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFF...

14 days ago - Seeking Alpha

Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of tr...

14 days ago - PRNewsWire

Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million.

15 days ago - Business Wire

12 REITs Poised For Potential Outperformance

As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpa...

19 days ago - Seeking Alpha

Terreno Realty: Mixed Signals

Terreno Realty shifted focus from nominal growth to deleveraging, raising questions about internal valuation. The company has a distinguished and so far successful long-term investment philosophy. Des...

22 days ago - Seeking Alpha

Terreno Realty Corporation Announces Lease in Avenel, NJ

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Avenel, NJ.

25 days ago - Business Wire

Terreno Realty Corporation Sells Property in Doral, FL, for $20.6 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Doral, FL, for $20.6 Million.

4 weeks ago - Business Wire

Terreno Realty Corporation Announces Development Completion in Hialeah, FL

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Completion in Hialeah, FL.

4 weeks ago - Business Wire

Terreno Realty Corporation Announces Redevelopment Completion in Hawthorne, CA

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Redevelopment Completion in Hawthorne, CA.

4 weeks ago - Business Wire

Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million.

5 weeks ago - Business Wire

Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY.

6 weeks ago - Business Wire

Terreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2024 Financial Statements

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2024 Financial Statements.

6 weeks ago - Business Wire

Terreno Realty Corporation Announces Development Start in Hialeah, FL

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Start in Hialeah, FL -Building 34 70% pre-leased.

7 weeks ago - Business Wire

Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity.

2 months ago - Business Wire

FMR LLC Bolsters Stake in Terreno Realty Corp

On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, expanded its holdings in Terreno Realty Corp (TRNO, Financial) by acquiring an additional 1,460,862 shares. This transa...

2 months ago - GuruFocus

Terreno Realty Corporation Announces Lease in Elizabeth, NJ

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Elizabeth, NJ.

2 months ago - Business Wire

Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility.

3 months ago - Business Wire

Terreno Realty: Valuation Premium Makes It Inferior Pick In The Industrial Sector

Terreno Realty Corporation operates in high-density coastal markets with a strong portfolio, focusing on warehouse, light industrial, R&D, and transshipment properties. Despite market oversupply and c...

3 months ago - Seeking Alpha

Terreno Realty: Strong NOI Growth Is Already Priced In

Terreno Realty is an industrial REIT focused on Warehouse/distribution properties, with the company's largest market being Northern New Jersey/New York City. The shares have marginally outperformed th...

3 months ago - Seeking Alpha

Terreno Realty Corporation Announces Leases in Sunnyvale, CA

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Sunnyvale, CA.

4 months ago - Business Wire

Terreno Realty Corporation Announces Lease in San Leandro, CA

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in San Leandro, CA.

4 months ago - Business Wire

Terreno Realty Corporation Announces Lease Renewal in Torrance, CA

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Torrance, CA.

4 months ago - Business Wire

Terreno Realty Corporation Increases Quarterly Dividend by 8.9% and Files Second Quarter 2024 Financial Statements

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Increases Quarterly Dividend by 8.9% and Files Second Quarter 2024 Financial Statements.

4 months ago - Business Wire